Description
Great investment opportunity near Catonsville just inside the Baltimore City line. Four 1-bedroom/1-bathroom units have been rented, and one 2-bedrooms/1-bathroom unit has recently been renovated as an owners suite or as a rental unit for a new tenant. Gross annual rent for the rented 4 units is $61,200 ($5,100/month), and can be $79,200 ($6,600/month) if the fifth unit (2BR/1BA) is rented out. Let the rent income pay the mortgage. Well maintained: unit renovations (floor, kitchen) in 2021-2025 with updates on furnace, water heater, roof in the last several years. Separate electric meters for all units. Conveniently located near Rt 695 and major highways for a short commute to UMBC, UMB, and downtown Baltimore. Two-car attached garage can be leased for additional income as well as the income from the coin laundry.
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6BEDS
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0.33ACRES
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5BATHS
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01/2 BATHS
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2,934SQFT
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$238$/SQFT
Description
Great investment opportunity near Catonsville just inside the Baltimore City line. Four 1-bedroom/1-bathroom units have been rented, and one 2-bedrooms/1-bathroom unit has recently been renovated as an owners suite or as a rental unit for a new tenant. Gross annual rent for the rented 4 units is $61,200 ($5,100/month), and can be $79,200 ($6,600/month) if the fifth unit (2BR/1BA) is rented out. Let the rent income pay the mortgage. Well maintained: unit renovations (floor, kitchen) in 2021-2025 with updates on furnace, water heater, roof in the last several years. Separate electric meters for all units. Conveniently located near Rt 695 and major highways for a short commute to UMBC, UMB, and downtown Baltimore. Two-car attached garage can be leased for additional income as well as the income from the coin laundry.
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